Two well-known Czech brands built around street food and drinks have entered bankruptcy, raising fresh questions about a franchise model that promised steady returns with minimal involvement.
Companies behind the Trdlokafe pastry stalls and the Bubblify beverage concept, both part of the Twist group, confirmed their insolvency filings in the official register ahead of a hearing at the Municipal Court in Prague.
The move pulls additional businesses linked to the group into the proceedings, including the Naše Zmrzka project, according to reporting by Seznam Zprávy.
The financial troubles come after months of tension within the group. It recently severed ties with the founder of the Kytky od Pepy flower network, who…